Pal Mar
Water Control District

Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

FINAL BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2017/2018 ANNUAL BUDGET	
O & M Assessments	213,830	
Other Income	0	
Interest Income	420	
		
TOTAL REVENUES	$	214,250	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	1,200	
Payroll Taxes (Admin)	100	
Engineering	17,000	
Management	24,000	
Legal	27,000	
Assessment Roll	5,000	
Audit Fees	5,200	
Insurance	6,350	
Legal Advertising	1,800	
Miscellaneous	3,000	
Postage	2,300	
Office Supplies	2,500	
Website Management	1,500	
Dues & Subscriptions	175	
Contingency	27,545	
		
TOTAL ADMINISTRATIVE EXPENDITURES	$	124,670	
		
SECURITY/MAINTENANCE EXPENDITURES		
Contract Labor - Security & Maintenance	28,000	
Maintenance Contingency	10,750	
Repairs & Maintenance	15,000	
Mowing	23,000	
		
TOTAL SECURITY/MAINTENANCE EXPENDITURES	$	76,750	
		
TOTAL EXPENDITURES	$	201,420	
		
EXCESS/ (SHORTFALL)	$	12,830	
		
County Appraiser & Tax Collector Fee	(4,277)	
Discounts For Early Payments	(8,553)	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-17 is $180,000.

FY 2017/2018 Projected Assessment Rate is $10.00 Per Acre ($8.63 Per Acre In 2016/2017).

DETAILED FINAL BUDGET
PAL MAR WATER CONTROL DISTRICT FISCAL YEAR 2017/2018
OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	
FISCAL YEAR 2015/2016
ACTUAL	
FISCAL YEAR 2016/2017
BUDGET	
FISCAL YEAR 2017/2018
BUDGET	

COMMENTS	
O & M Assessments	176,379	184,527	213,830	Expenditures Less Interest/.94	
Other Income	0	0	0		
Interest Income	871	420	420	Projected At $35 Per Month	
					
TOTAL REVENUES	177,250	$	184,947	$	214,250		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	850	1,200	1,200	No Change From 2016/2017 Budget	
Payroll Taxes (Admin)	65	100	100	Projected At 8% Of Supervisor Fees	
Engineering	15,439	20,000	17,000	$3,000 Decrease From 2016/2017 Budget	
Management	24,000	24,000	24,000	No Change From 2016/2017 Budget	
Legal	37,789	25,000	27,000	$2,000 Increase From 2016/2017 Budget	
Assessment Roll	5,000	5,000	5,000	Assessment Roll Preparation	
Audit Fees	5,000	5,100	5,200	$100 Increase From 2016/2017 Budget	
Insurance	5,665	6,250	6,350	Insurance Company Estimate	
Legal Advertising	1,327	2,000	1,800	$200 Decrease From 2016/2017 Budget	
Miscellaneous	1,298	2,000	3,000	$1,000 Increase From 2016/2017 Budget	
Postage	2,183	2,300	2,300	No Change From 2016/2017 Budget	
Office Supplies	1,713	2,500	2,500	No Change From 2016/2017 Budget	
Website Management	1,500	1,500	1,500	Website Management	
Dues & Subscriptions	175	175	175	No Change From 2016/2017 Budget	
Contingency	0	0	27,545	Contingency	
					
TOTAL ADMINISTRATIVE EXPENDITURES	102,004	$	97,125	$	124,670		
					
SECURITY/MAINTENANCE EXPENDITURES					
Contract Labor - Security & Maintenance	28,000	28,000	28,000	$2,333.33 Per Month	
Maintenance Contingency	0	10,750	10,750	No Change From 2016/2017 Budget	
Repairs & Maintenance	25	15,000	15,000	No Change From 2016/2017 Budget	
Mowing	23,000	23,000	23,000	No Change From 2016/2017 Budget	
					
TOTAL SECURITY/MAINTENANCE EXPENDITURES	51,025	$	76,750	$	76,750		
					
TOTAL EXPENDITURES	153,029	$	173,875	$	201,420		
					
EXCESS/ (SHORTFALL)	24,221	$	11,072	$	12,830		
					
County Appraiser & Tax Collector Fee	(2,600)	(3,691)	(4,277)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(4,925)	(7,381)	(8,553)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	$	16,696	$	-	$	-		

Note: Projected Cashflow (Including State Board Of Administration Investment Fund) As Of 9-30-17 is $180,000.

FY 2017/2018 Projected Assessment Rate is $10.00 Per Acre ($8.63 Per Acre In 2016/2017).